LeMaitre Vascular (LMAT)
Market Price (12/4/2025): $84.79 | Market Cap: $1.9 BilSector: Health Care | Industry: Health Care Equipment
LeMaitre Vascular (LMAT)
Market Price (12/4/2025): $84.79Market Cap: $1.9 BilSector: Health CareIndustry: Health Care Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 37x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% | |
| Low stock price volatilityVol 12M is 34% | |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, and Diabetes Management. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, and Diabetes Management. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 37x |
Valuation, Metrics & Events
LMAT Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
LeMaitre Vascular (LMAT) experienced a stock movement of -10.7% during the approximate period from August 31, 2025, to December 4, 2025, primarily due to the following key factors:
1. LeMaitre Vascular Missed Q3 2025 Revenue Expectations: On November 6, 2025, LeMaitre Vascular reported its third-quarter 2025 financial results. While the company surpassed earnings per share (EPS) estimates, it failed to meet revenue expectations, reporting $61.05 million in revenue against a consensus estimate of $62.18 million. Missing revenue targets can often lead to a negative reaction in stock price.
2. Q4 2025 Revenue Guidance Fell Below Consensus: Following its Q3 2025 earnings report, on November 7, 2025, LeMaitre Vascular provided its guidance for the fourth quarter of 2025. Although the company's EPS guidance was above the analyst consensus, its revenue guidance of $61.8 million to $63.8 million was slightly lower than the $64.3 million consensus estimate. This mixed outlook, particularly the softer revenue forecast, likely contributed to investor concern.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LMAT Return | 14% | 25% | -7% | 25% | 64% | -8% | 147% |
| Peers Return | 38% | 32% | -15% | 2% | 16% | 1% | 86% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| LMAT Win Rate | 58% | 50% | 42% | 67% | 67% | 40% | |
| Peers Win Rate | 54% | 67% | 46% | 58% | 60% | 48% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| LMAT Max Drawdown | -41% | -1% | -22% | -3% | -5% | -15% | |
| Peers Max Drawdown | -25% | -11% | -45% | -25% | -22% | -14% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: EW, MASI, UFPT, ATRC, DAVI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | LMAT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -38.3% | -25.4% |
| % Gain to Breakeven | 62.2% | 34.1% |
| Time to Breakeven | 360 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.3% | -33.9% |
| % Gain to Breakeven | 82.9% | 51.3% |
| Time to Breakeven | 239 days | 148 days |
| 2018 Correction | ||
| % Loss | -46.3% | -19.8% |
| % Gain to Breakeven | 86.4% | 24.7% |
| Time to Breakeven | 701 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.7% | -56.8% |
| % Gain to Breakeven | 311.3% | 131.3% |
| Time to Breakeven | 1770 days | 1480 days |
Compare to EW, MASI, UFPT, ATRC, DAVI
In The Past
LeMaitre Vascular's stock fell -38.3% during the 2022 Inflation Shock from a high on 6/25/2021. A -38.3% loss requires a 62.2% gain to breakeven.
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to LMAT. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -9.8% | -9.8% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 6.0% | 6.0% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 9.7% | 9.7% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.2% | 6.2% | -5.1% |
| 07312021 | LMAT | LeMaitre Vascular | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -24.4% | -6.7% | -27.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -9.8% | -9.8% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 6.0% | 6.0% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 9.7% | 9.7% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.2% | 6.2% | -5.1% |
| 07312021 | LMAT | LeMaitre Vascular | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -24.4% | -6.7% | -27.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for LeMaitre Vascular
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.92 |
| Mkt Cap | 1.9 |
| Rev LTM | 598 |
| Op Inc LTM | 95 |
| FCF LTM | 87 |
| FCF 3Y Avg | 56 |
| CFO LTM | 99 |
| CFO 3Y Avg | 67 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.8% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 11.4% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 16.0% |
| Op Mgn 3Y Avg | 15.8% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | 16.6% |
| CFO/Rev 3Y Avg | 13.5% |
| FCF/Rev LTM | 13.6% |
| FCF/Rev 3Y Avg | 11.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 3.7 |
| P/EBIT | 16.5 |
| P/E | 22.9 |
| P/CFO | 38.3 |
| Total Yield | 3.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.6% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.1% |
| 3M Rtn | 3.4% |
| 6M Rtn | 3.3% |
| 12M Rtn | -18.4% |
| 3Y Rtn | 9.7% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | -3.5% |
| 6M Excs Rtn | -11.4% |
| 12M Excs Rtn | -33.4% |
| 3Y Excs Rtn | -62.0% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2282025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
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